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Accounting Errors Include Changes in Estimates That Occur Because a Company

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Accounting errors include changes in estimates that occur because a company acquires more experience, or as it obtains additional information.


Definitions:

Strategic Business Decision

A choice made by a company's leadership that is intended to guide the organization towards its long-term goals and success.

Diversity

Every trait and encounter that shapes our unique identity as individuals.

Smart Business Leaders

Individuals at the helm of enterprises who are noted for their intelligence, strategic thinking, and ability to innovate and adapt.

Communication

The exchange of information or news between two or more individuals, through verbal, written, non-verbal, or digital means.

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